BlackBerry shares drop over 4% on Home Depot news

Shares of BlackBerry dropped nearly 5% on Monday after Home Depot announced it was switching its employees to the iPhone. The news, first reported last week, was a bit of a setback as BlackBerry shares have been rising recently due to the release of BlackBerry 10.

According to Reuters, BlackBerry declined to comment specifically on the Home Depot situation, but said in an email, support for BlackBerry 10 is strong.

"We have over 2,700 unique businesses in North America already registered for our BlackBerry 10 Ready Program," Amy McDowell, a spokeswoman for the company, said. "We are confident that BlackBerry is, and will continue to be, the best solution for corporations managing large smartphone deployments."

BlackBerry is still in transition and it will be awhile before we know the true impact of BlackBerry 10. So far, things look to be holding fairly well for BlackBerry. We'll know more in April and May after the BlackBerry 10 devices launch on the major US carriers.